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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Maheshwari Logistics Ltd

About the Company - Maheshwari Logistics Ltd

Maheshwari Logistics Ltd. is a Public Limited Listed company incorporated on 12/10/2006 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L60232GJ2006PLC049224 and registration number is 049224. Currently company belongs to the Industry of Transport - Road. Company’s Total Operating Revenue is Rs. 1034.67 Cr. and Equity Capital is Rs. 29.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Transport - RoadMLL House, Shed No.A2-3/2, Valsad Gujarat 396195info@mlpl.biz
http://www.mlpl.biz
Management
NamePosition Held
Mr. Varun KabraChairman & Managing Director
Mr. Palash MaheshwariWhole Time Director
Mr. Shubham MaheshwariNon Executive Director
Mr. Mukesh AgrawalIndependent Director
Mrs. Punam Pushpkumar DhootIndependent Director
Mr. Ramnaresh KabraIndependent Director

Maheshwari Logistics Ltd. Share Price Update

Share PriceValue
Today₹75.60
Previous Day₹76.20

Basic Stock Data of Maheshwari Logistics Ltd

Market Cap 235 Cr.
Current Price 79.5
High / Low102/49.6
Stock P/E17.8
Book Value 58.7
Dividend Yield0.00 %
ROCE11.7 %
ROE8.44 %
Face Value 10.0

Data Source: screener.in

Maheshwari Logistics Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales138.10196.88238.29244.99250.85256.17282.65281.36282.47305.56274.96267.54234.43
Expenses127.99186.45220.53230.09238.00243.58271.36270.20268.04292.24263.26254.08220.81
Operating Profit10.1110.4317.7614.9012.8512.5911.2911.1614.4313.3211.7013.4613.62
OPM %7.32%5.30%7.45%6.08%5.12%4.91%3.99%3.97%5.11%4.36%4.26%5.03%5.81%
Other Income0.831.47-0.930.610.860.930.490.350.700.230.570.620.49
Interest4.394.445.604.604.014.195.834.886.036.265.336.596.24
Depreciation3.243.343.022.882.953.013.372.812.952.983.112.762.78
Profit before tax3.314.128.218.036.756.322.583.826.154.313.834.735.09
Tax %2.42%17.23%27.28%23.91%25.93%24.68%50.00%28.80%25.37%36.43%5.48%35.52%24.95%
Net Profit3.233.425.976.105.004.761.282.724.592.743.633.053.82
EPS in Rs1.091.162.022.061.691.610.430.921.550.931.231.031.29

Maheshwari Logistics Ltd Quarterly Chart

Maheshwari Logistics Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3273404145336017368671,0357566681,0331,1421,082
Expenses3113233975165777088329897056259811,0921,030
Operating Profit16161818232835455143525152
OPM %5%5%4%3%4%4%4%4%7%6%5%4%5%
Other Income0111023422322
Interest756711913182220192324
Depreciation754325781213121212
Profit before tax2789101618232013241818
Tax %36%38%39%38%30%38%35%35%27%27%28%25%
Net Profit14567101215159171413
EPS in Rs1.544.805.335.626.773.283.945.094.973.145.794.624.48
Dividend Payout %-0%10%-0%-0%-0%-0%13%12%-0%16%-0%-0%

Maheshwari Logistics Ltd Profit & Loss Yearly Chart

Maheshwari Logistics Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:6%
3 Years:15%
TTM:-2%
Compounded Profit Growth
10 Years:12%
5 Years:3%
3 Years:-3%
TTM:-1%
Stock Price CAGR
10 Years:%
5 Years:-4%
3 Years:-5%
1 Year:22%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:9%
Last Year:8%

Maheshwari Logistics Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital445551515151530303030
Reserves20273342547788102115109125137144
Borrowings413741355374130142147141177193208
Other Liabilities28517384105176107116868899116143
Total Liabilities94120152167218342340374363368430475525
Fixed Assets1413111217336473117109110107112
CWIP31102053815153741
Investments0000000322222
Other Assets78106140155199309271260243252303330370
Total Assets94120152167218342340374363368430475525

Maheshwari Logistics Ltd Reserves and Borrowings Chart

Maheshwari Logistics Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 59613-3-292643049938
Cash from Investing Activity -6-2-2-1-6-18-41-52-18-6-35-29
Cash from Financing Activity 7-5-6-12153945-10-13-2815-8
Net Cash Flow62-115-862-214-111

Maheshwari Logistics Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days70791019084109684457654745
Inventory Days8351861429383346614043
Days Payable5185918398132546050523537
Cash Conversion Cycle2729281307511653735250
Working Capital Days464650404556552455726058
ROCE %15%18%20%20%24%18%16%17%16%12%14%12%

Maheshwari Logistics Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Maheshwari Logistics Ltd ROCE Trend

Maheshwari Logistics Ltd EPS Trend

Maheshwari Logistics Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.565.793.149.9310.00
Diluted EPS (Rs.)4.565.793.149.9310.00
Cash EPS (Rs.)8.569.927.4817.9615.41
Book Value[Excl.RevalReserv]/Share (Rs.)56.4252.2146.8987.4778.92
Book Value[Incl.RevalReserv]/Share (Rs.)56.4252.2146.8987.4778.92
Revenue From Operations / Share (Rs.)388.23349.66228.46513.56700.89
PBDIT / Share (Rs.)17.7618.4515.2136.0933.40
PBIT / Share (Rs.)13.7614.3210.8728.0727.98
PBT / Share (Rs.)6.168.034.3413.6315.60
Net Profit / Share (Rs.)4.555.793.149.9310.00
NP After MI And SOA / Share (Rs.)4.555.793.149.9310.00
PBDIT Margin (%)4.575.276.657.024.76
PBIT Margin (%)3.544.094.755.463.99
PBT Margin (%)1.582.291.892.652.22
Net Profit Margin (%)1.171.651.371.931.42
NP After MI And SOA Margin (%)1.171.651.371.931.42
Return on Networth / Equity (%)8.0911.096.6911.3512.67
Return on Capital Employeed (%)15.2616.6714.0619.4321.31
Return On Assets (%)2.814.002.524.073.96
Long Term Debt / Equity (X)0.540.580.570.570.62
Total Debt / Equity (X)1.151.130.870.991.04
Asset Turnover Ratio (%)2.532.591.842.062.90
Current Ratio (X)1.471.591.811.511.21
Quick Ratio (X)0.941.081.241.080.94
Inventory Turnover Ratio (X)2.874.933.122.743.79
Dividend Payout Ratio (NP) (%)0.008.620.0014.565.00
Dividend Payout Ratio (CP) (%)0.005.040.008.053.24
Earning Retention Ratio (%)0.0091.380.0085.4495.00
Cash Earning Retention Ratio (%)0.0094.960.0091.9596.76
Interest Coverage Ratio (X)2.342.932.332.502.70
Interest Coverage Ratio (Post Tax) (X)1.601.921.481.691.81
Enterprise Value (Cr.)410.96466.52314.27321.75423.91
EV / Net Operating Revenue (X)0.350.450.460.420.40
EV / EBITDA (X)7.828.546.986.028.58
MarketCap / Net Operating Revenue (X)0.200.290.320.270.30
Retention Ratios (%)0.0091.370.0085.4394.99
Price / BV (X)1.421.991.591.612.72
Price / Net Operating Revenue (X)0.200.290.320.270.30
EarningsYield0.050.050.040.070.04

Maheshwari Logistics Ltd Profitability Ratios (%)

Maheshwari Logistics Ltd Liquidity Ratios

Maheshwari Logistics Ltd Liquidity Ratios (%)

Maheshwari Logistics Ltd Interest Coverage Ratios (%)

Maheshwari Logistics Ltd Valuation Ratios

Fair Value of Maheshwari Logistics Ltd Stock

Fair Value: ₹89.95

The stock is undervalued by 13.14% compared to the current price ₹79.5

*Investments are subject to market risks

Strength and Weakness of Maheshwari Logistics Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.83%, which is a positive sign.
  2. The company has shown consistent growth in sales (403.54 cr) and profit (14.31 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 19.00 and average Dividend Yield of 4.37%.
  2. The stock has a high average Working Capital Days of 50.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 33.25, which may not be favorable.
  4. The company has higher borrowings (109.15) compared to reserves (82.54), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Maheshwari Logistics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE